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Rhyme's Guide to Management Consulting Recruiting

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Manager
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 29 Jul 2008, 19:35
Kudos, rhyme. Pursuing MC just started to cross my mind and this was a great intro to the field.
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 10 Aug 2008, 11:28
Thanks - excellent information.

Found more information on this video from vualt..

http://www.youtube.com/watch?v=FQUcoun99Vk
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 21 Oct 2008, 08:05
rhyme wrote:
Thought I'd add one more thing.... if you get invited to a case prep session with MBB or whomever, show up prepared. These are often done in groups of 3 or 4 people with 1 consultant where you all get to work through the case together. I've been to some where the 3 or 4 students are fairly on par, and things move with reasonable speed and no one looks like an idiot. I've also been to some where people had clearly not prepared at all - and their excuse was "its non evaluative, so I figured I didn't need to prep":

1) Nothing is non-evaluative. You ever meet someone and NOT form an opinion? You really think that if a partner is impressed they wont take note of who impressed them?
2) Bombing a case in a private room and one partner is painful. Bombing it with a partner and two or three classmates is embarrassing and painful.
3) It wastes the time you have - you don't get meaningful feedback because you need so much more work that all you'll likely hear is 'Keep practicing', rather than specific tailored feedback.
4) It makes it frustrating for the others who have clearly prepared.




Thank you for your MC recruiting guide rhyme ... This world is still a better place to live because of ppl like you :) :good

I have a couple of questions :

1) Does going to a school heavy on case study pedagogy help in MC ? :stupid
2) Is there any book which introduces MC (for people with no consulting background)? Will it help to know the terms and concepts beforehand ?? I do believe in prep :)
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 23 Oct 2008, 09:51
hey guys, a quick question:

what is the average annual % raise for an associate at M/B/B? i have never seen any data on this. is it close to GM, ~5%? or is it closer to i-banking (no idea what %)?

thanks for your help!
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 30 Oct 2008, 05:21
rhyme wrote:

1) No. The cases are fundamentally different in style and content. Questions can be straightforward "Why are we loosing money" to pretty wacky "Our client just found some dinosaur remains. What are they worth?". (from a big 3 firm no less!)

2) Most books suck, but if you have no idea what to expect, try "Case In Point". Don't get too worked up about the frameworks yet, I think he gives way way too many (I've got it down to 3 ... I think he has something like 12, its crazy).


Thanks rhyme ....
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 30 Jul 2009, 08:51
Hey Rhyme,

This is an excellent thread. Thank you for all the helpful info.

I am an American interested in starting at a Latin American office - hopefully in Brazil - of one of the big 3 after school. Do you know if international offices of the big 3, specifically the Latin American offices, recruit American MBAs? If so, how hard is it for an American MBA to land a position at, say, the Sao Paulo office? FYI - I speak both Spanish and Portuguese.

Thanks.
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 11 Jan 2010, 03:41
Wow, so much information in your post!! Really really informative.

I'll be coming back to this post often :-D
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 15 Feb 2010, 10:56
AMAZING thread !!! Thank you rhyme for sharing your experiences. I haven't read through the whole thing yet, but I did have a question:

How much emphasis is placed on GMAT score during MC recruiting ?

Full disclosure: I scored a 690, and will be matriculating at Darden as part of the Class of 2012. Transitioning into MC from industry was one of the major reasons I started to pursue my MBA, but have heard that the big firms wont even consider you if you dont have a 700+ score.

Having said that, Im seriously thinking of taking a prep course and rewriting in the next few months, before I move down to Virginia to start school.

Thoughts/comments ? Thanks in advance !!
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 26 Feb 2010, 15:11
Kudos sm332. Really helpful document!

+1
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 28 Feb 2010, 13:27
Great doc sm332. Much obliged.
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 29 Mar 2010, 08:04
Can you "tier" the consulting firms or give general thoughts about exit oppportunities, competition, types of projects etc at each of the major firms. The reason I ask is because everyone always mentions MBB, I have a lot of friends who started at Deloitte (consulting, not tax/audit) from UG and know some Sr. Mngrs there and they seem to work on good projects and make good money, on the other hand, I know that Accenture is pretty much considered the bottom rung of consulting along with BAH (due to their govt practice and because Booze has spun off alone). I just wanted to know what the next tier to shoot for is after MBB?

Tier 1: MBB
Tier 2: ???????
Tier 3: ???????
Tier 4: ???????

Thanks for all of the helpful advice in this thread, MC is definitely something I want to explore in b-school, I think it will allow me to explore a wide variety of business problems since I'm tired of being stuck in just one function (marketing).
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 13 Apr 2010, 12:06
Hi unhedged,

Curious as to what your complaint was with Big 4/Tech consulting?

Thanks!
unhedged wrote:
Not sure how the Tier 1/Tier 2 breakdown is in other people's minds, but this is my perspective:

There are different types of consulting, and many companies offer a variety of services. That is why you have differing opinions with Deliotte/Accenture, etc.

Accenture/Deliotte/Capgemini/IBM are known for their technology consulting, but all have strategy groups of various sizes and industry expertise.

The Big 4 (PwC, E&Y, KPMG, Deliotte) provide consulting services as well, though they tend to be more financial advisory than strategy. The type of work can vary a lot. Some people absolutely love what they do there, and some despise it. It really depends on which group you are with. Work/life balance can be better here though.

I think most MBAs want strategy consulting; the best of the best in that field is MBB. There are also other elite strategy firms, such as LEK, AT Kearney, Parthenon Group.

Another group would be the industry specialties, such as ZS Associates (Healthcare) or Schlumberger (Oil & Gas). If you are industry focused, these offer great options to develop industry knowledge and a strong network.

My personal outlook: If I decide to go back into consulting, I would shoot for either an elite strategy firm such those aforementioned, or an energy-focused firm. I worked Big 4 consulting/technology consulting before, and wouldn't want to go back to it.

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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 21 Apr 2010, 13:41
Has anyone else received information about the Connect with Bain opp? I haven't seen anything yet.
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 21 Apr 2010, 15:17
It shows up in the Admitted Student Portal for Ross. I signed up last week and Bain contacted me to say they are finalizing the date and will be contacting me in a couple of weeks for the Boston reception.
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 23 Apr 2010, 02:48
This post is incredibly helpful, thank you +1

I have a question: undergrads or graduates w/o experience applying for an internship or an entry-level position have to tackle a case in the interview too?

Thank you!
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 02 May 2010, 10:35
eminent wrote:
Has anyone else received information about the Connect with Bain opp? I haven't seen anything yet.


It was on the admitted students' forum for Kellogg as well. I believe some people in LA and SF have already received invitations to receptions.
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 13 May 2010, 08:56
Hey Rhyme,
Great Thread man!!!!!! Its really helpful..
Guys my question may sound kinda naive, but I wanted to know that since u mentioned that MC is not generally limited to a particular Vertical/field, then what is the Specialization a person should choose for a career in MC...
I mean I am an Indian IT Male(no shortage of those) wanting to pursue Consulting, so whats the specialization I shud be looking for , shud it be IT (related to my field) or something different to get more exposure to a diff field?
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 23 May 2010, 21:14
I've been playing around with some of the MC websites to see what campus' are targeted. E.G. Mckinsey has many schools listed in the drop down menu for MBA recruiting, but some take you to the "other schools" page, while others have their own page.

As for the Bain event, we got a notice about a 1-day summer workshop for incoming MBA's (not the minority/women event). Sounds like it rotates annually and this year it will be in Dallas domestically and Sao Paolo internationally.
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 27 Aug 2010, 09:20
great article. Standing applause!!! Just WOW!
Manager
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Re: Rhyme's Guide to Management Consulting Recruiting [#permalink] New post 27 Aug 2010, 09:22
couldn't even finished in single read so bookmarked. but 5 stars deserved.
Re: Rhyme's Guide to Management Consulting Recruiting   [#permalink] 27 Aug 2010, 09:22
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